Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with this. Thank you r 9 Graded Homework i Saved Problem 9-19 (Algo) More Than One Cost Driver [LO9-2, LO9-3, LO9-5, LO9-6]

I need help with this. Thank you

image text in transcribed
r 9 Graded Homework i Saved Problem 9-19 (Algo) More Than One Cost Driver [LO9-2, LO9-3, LO9-5, LO9-6] za Is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the number of deliveries made The pizzeria's cost formulas appear below: Fixed Cost Cost per Cost per per Month Pizza Delivery Pizza ingredients $ 4.56 Kitchen staff $ 6,370 Utilities $ 840 5 0.60 Delivery person $ 3. 40 Delivery vehicle $ 860 $ 1.50 Equipment depreciation $ 584 Rent $ 2,33 Miscellaneous $ 960 $ 0. 10 In November, the pizzeria budgeted for 2,250 pizzas at an average selling price of $22 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results Pizzas 2, 350 Deliveries 190 Revenue 3 52, 480 Pizza ingredients $ 11, 350 Kitchen staff $ 6, 310 Utilities $ 1,000 Delivery person $ 646 Delivery vehicle $ 1,032 Equipment depreciation $ 584 Rent $ 2,330 Miscellaneous $ 928 Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Flexible Planning Results Budget Budget Pizzas 2,350 Deliveries 190 Revenue $ 52,480 Expenses: Pizza ingredients 11,350 Kitchen staff 6,310 Utilities 1,000 Delivery person 646 Delivery vehicle 1,032 Equipment depreciation 584 Rent 2,330 Miscellaneous 928 Total expense 24, 180 Net operating income $ 28,300 S

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Fundamentals

Authors: John Wild

4th Edition

0078025591, 9780078025594

More Books

Students also viewed these Accounting questions

Question

Establish the identity. tan + cot = 2csc(2)

Answered: 1 week ago

Question

5. Give some examples of hidden knowledge.

Answered: 1 week ago